Customers across the three banks have lost a combined $870 million since Zelle launched in 2017, regulators claim.

Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.

The Consumer Financial Protection Bureau said more than $870 million in Zelle-related fraud losses hit consumers at three big ...

Zelle is used by many people to quickly and conveniently send money electronically from their credit card or bank account.

A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect ...

The Consumer Financial Protection Bureau sues Zelle and major banks for alleged fraud, seeking redress for consumers and ...

The government accused three big banks of failing to protect consumers from fraud on the payment network Zelle.

The agency said they will seek cash damages to repay consumer losses over fraudulent activity. It claims that customers at ...

The Consumer Financial Protection Bureau sued three of the largest U.S. banks for fraud perpetrated on the bank-owned payment ...

The Consumer Financial Protection Bureau (CFPB) alleged Friday that Bank of America, JPMorgan Chase and Wells Fargo were slow ...

Trish Wexler, a JPMorgan Chase spokesperson ... "Zelle leads the fight against scams and fraud and has industry-leading reimbursement policies that go above and beyond the law," according to ...

So, it's not fraud after all ... in 2023 when they disputed a transaction after falling victim to scams involving Zelle at Chase, Bank of America and Wells Fargo. Nearly $102.3 million was ...